$CPRX
CATALYST PHARMACEUTICALS, INC.

2018 Q2 Form 10-Q Financial Statement

#000119312518241075 Filed on August 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.631M $1.730M
YoY Change 52.08% -25.11%
% of Gross Profit
Research & Development $3.705M $2.452M
YoY Change 51.11% -2.28%
% of Gross Profit
Depreciation & Amortization $8.176K $12.96K
YoY Change -36.9% 47.88%
% of Gross Profit
Operating Expenses $6.336M $4.181M
YoY Change 51.53% -13.15%
Operating Profit -$6.336M -$4.181M
YoY Change 51.53% -13.15%
Interest Expense $0.00 $210.0K
YoY Change -100.0% 40.0%
% of Operating Profit
Other Income/Expense, Net $370.7K $91.04K
YoY Change 307.2% -1.85%
Pretax Income -$5.965M -$3.880M
YoY Change 53.74% -15.08%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.965M -$3.880M
YoY Change 53.74% -15.08%
Net Earnings / Revenue
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$0.06 -$46.24K
COMMON SHARES
Basic Shares Outstanding 102.6M 83.79M shares
Diluted Shares Outstanding 102.6M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.40M $35.10M
YoY Change 94.87% -26.88%
Cash & Equivalents $9.888M $8.584M
Short-Term Investments $58.50M $26.50M
Other Short-Term Assets $700.0K $600.0K
YoY Change 16.67% 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $69.09M $35.75M
YoY Change 93.23% -26.55%
LONG-TERM ASSETS
Property, Plant & Equipment $187.1K $218.3K
YoY Change -14.27% -15.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.000M
YoY Change
Other Assets $0.00 $0.00
YoY Change
Total Long-Term Assets $5.201M $227.2K
YoY Change 2189.55% -15.04%
TOTAL ASSETS
Total Short-Term Assets $69.09M $35.75M
Total Long-Term Assets $5.201M $227.2K
Total Assets $74.29M $35.98M
YoY Change 106.47% -26.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $922.6K $692.3K
YoY Change 33.26% -2.11%
Accrued Expenses $2.159M $1.148M
YoY Change 88.09% -28.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.082M $1.840M
YoY Change 67.46% -20.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $100.0K $200.0K
YoY Change -50.0% -33.33%
Total Long-Term Liabilities $100.0K $200.0K
YoY Change -50.0% -33.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.082M $1.840M
Total Long-Term Liabilities $100.0K $200.0K
Total Liabilities $3.225M $2.011M
YoY Change 60.39% -23.12%
SHAREHOLDERS EQUITY
Retained Earnings -$138.2M -$117.0M
YoY Change 18.15% 16.96%
Common Stock $102.6K $84.56K
YoY Change 21.34% 2.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $71.06M $33.97M
YoY Change
Total Liabilities & Shareholders Equity $74.29M $35.98M
YoY Change 106.47% -26.48%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$5.965M -$3.880M
YoY Change 53.74% -15.08%
Depreciation, Depletion And Amortization $8.176K $12.96K
YoY Change -36.9% 47.88%
Cash From Operating Activities -$4.760M -$3.200M
YoY Change 48.75% -26.27%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$4.940M $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.950M $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.00K 1.810M
YoY Change -99.45%
NET CHANGE
Cash From Operating Activities -4.760M -3.200M
Cash From Investing Activities -4.950M 0.000
Cash From Financing Activities 10.00K 1.810M
Net Change In Cash -9.700M -1.390M
YoY Change 597.84% -60.29%
FREE CASH FLOW
Cash From Operating Activities -$4.760M -$3.200M
Capital Expenditures -$10.00K $0.00
Free Cash Flow -$4.750M -$3.200M
YoY Change 48.44% -24.71%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q2 us-gaap Assets Current
AssetsCurrent
69086236
CY2018Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
338098
CY2018Q2 us-gaap Accrued Rent Noncurrent
AccruedRentNoncurrent
143335
CY2018Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
175360
CY2018Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
209221591
CY2018Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
922593
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-36498
CY2018Q2 us-gaap Assets
Assets
74287576
CY2018Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
36995803
CY2018Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
37032301
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13893064
CY2016Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
122226
CY2018Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
102599258 shares
CY2017Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
519461
CY2017Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.08
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8583727
CY2018Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2159435
CY2018Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2302770
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9887939
CY2018Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
102599258 shares
CY2018Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2018Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
102599258 shares
CY2018Q2 us-gaap Common Stock Value
CommonStockValue
102599
CY2018Q2 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
27184
CY2018Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
8888
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
232847
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3082028
CY2018Q2 us-gaap Liabilities
Liabilities
3225363
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
74287576
CY2018Q2 us-gaap Long Term Investments
LongTermInvestments
5005321
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4738
CY2018Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
143335
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Prepaid Insurance
PrepaidInsurance
306689
CY2018Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
60707
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
187131
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
677341
CY2018Q2 us-gaap Prepaid Rent
PrepaidRent
20828
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
362491
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-138225479
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4096662 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7719166 shares
CY2018Q2 us-gaap Short Term Investments
ShortTermInvestments
58520956
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
71062213
CY2018Q2 cprx Prepaid Subscription Fees
PrepaidSubscriptionFees
69068
CY2018Q2 cprx Accrued License Fees Current
AccruedLicenseFeesCurrent
305000
CY2018Q2 cprx Accrued Non Clinical And Clinical Trial Expenses
AccruedNonClinicalAndClinicalTrialExpenses
1251568
CY2018Q2 cprx Prepaid Precommercial Expenses
PrepaidPrecommercialExpenses
8925
CY2018Q2 cprx Prepaid Research Fee
PrepaidResearchFee
211124
CY2018Q2 cprx Available For Sale Securities Due Within One Year Fair Value
AvailableForSaleSecuritiesDueWithinOneYearFairValue
31990482
CY2018Q2 cprx Available For Sale Securities Due After One Year Through Two Year Fair Value
AvailableForSaleSecuritiesDueAfterOneYearThroughTwoYearFairValue
5005321
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2320587
CY2017Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2478043
CY2017Q4 us-gaap Assets Current
AssetsCurrent
85187157
CY2017Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
227457
CY2017Q4 us-gaap Accrued Rent Noncurrent
AccruedRentNoncurrent
157456
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
159169
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
207421710
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1945575
CY2017Q4 us-gaap Assets
Assets
85387430
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
57496702
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
102549498 shares
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
102549498 shares
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
102549
CY2017Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
24011
CY2017Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
8888
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
821935
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4266162
CY2017Q4 us-gaap Liabilities
Liabilities
4423618
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
85387430
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
24035
CY2017Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
157456
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Prepaid Insurance
PrepaidInsurance
638139
CY2017Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
58281
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
191385
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1173744
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
350554
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-126560447
CY2017Q4 us-gaap Short Term Investments
ShortTermInvestments
26516711
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
80963812
CY2017Q4 cprx Prepaid Subscription Fees
PrepaidSubscriptionFees
23347
CY2017Q4 cprx Accrued License Fees Current
AccruedLicenseFeesCurrent
252500
CY2017Q4 cprx Accrued Non Clinical And Clinical Trial Expenses
AccruedNonClinicalAndClinicalTrialExpenses
970649
CY2017Q4 cprx Prepaid Precommercial Expenses
PrepaidPrecommercialExpenses
65000
CY2017Q4 cprx Prepaid Research Fee
PrepaidResearchFee
388977
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7719166 shares
dei Amendment Flag
AmendmentFlag
false
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1747850
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
0
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
36498
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-47608763
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11701530
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Depreciation
Depreciation
16191
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Type
DocumentType
10-Q
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.11
dei Entity Central Index Key
EntityCentralIndexKey
0001369568
dei Entity Registrant Name
EntityRegistrantName
CATALYST PHARMACEUTICALS, INC.
dei Document Period End Date
DocumentPeriodEndDate
2018-06-30
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5305429
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11665032
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1022982
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-175273
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-496403
us-gaap Net Income Loss
NetIncomeLoss
-11665032
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-36498
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
604263
us-gaap Operating Expenses
OperatingExpenses
12269295
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-36498
us-gaap Operating Income Loss
OperatingIncomeLoss
-12269295
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-36498
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
37046064
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2022-11-30
us-gaap Nature Of Operations
NatureOfOperations
<div> <table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr style="page-break-inside:avoid"> <td width="4%" valign="top" align="left"><b>1.</b></td> <td align="left" valign="top"> <p style="margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;" align="left"><b>Organization and Description of Business.</b></p> </td> </tr> </table> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Catalyst Pharmaceuticals, Inc. (the Company) is a development-stage biopharmaceutical company focused on developing and commercializing innovating therapies for people with rare debilitating, chronic neuromuscular and neurological diseases, including Lambert-Eaton Myasthenic Syndrome (LEMS), Congenital Myasthenic Syndromes (CMS), MuSK antibody positive myasthenia gravis <font style="white-space:nowrap">(MuSK-MG),</font> and infantile spasms.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Since inception, the Company has devoted substantially all of its efforts to business planning, research and development, recruiting management and technical staff, acquiring operating assets and raising capital. The Company&#x2019;s primary focus is on the development and commercialization of its drug candidates. The Company has incurred operating losses in each period from inception through June&#xA0;30, 2018. The Company has been able to fund its cash needs to date through several public and private offerings of its common stock and warrants, through government grants, and through an investment by a strategic purchaser. See Note 10.</p> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Capital Resources</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> While there can be no assurance, based on currently available information, the Company estimates that it has sufficient resources to support its operations for at least the next 12 months.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The Company may raise additional funds in the future, if required for its business, through public or private equity offerings, debt financings, corporate collaborations, governmental research grants or other means. The Company may also seek to raise new capital to fund additional product development efforts, even if it has sufficient funds for its planned operations. Any sale by the Company of additional equity or convertible debt securities could result in dilution to the Company&#x2019;s current stockholders. There can be no assurance that any required additional funding will be available to the Company at all or available on terms acceptable to the Company. Further, to the extent that the Company raises additional funds through collaborative arrangements, it may be necessary to relinquish some rights to the Company&#x2019;s drug candidates or grant sublicenses on terms that are not favorable to the Company. If the Company is not able to secure additional funding when needed, the Company may have to delay, reduce the scope of, or eliminate one or more research and development programs, which could have an adverse effect on the Company&#x2019;s business.</p> </div>
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-37058001
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37084
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10587846
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><b>n.</b> <table> <tr> <td align="left" valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="left"><b>RECLASSIFICATIONS.</b> Certain prior year amounts in the consolidated financial statements have been reclassified to conform to the current year presentation.</p> </td> </tr> </table> </div>
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4448
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11937
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
41532
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6963866
us-gaap Share Based Compensation
ShareBasedCompensation
1762847
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
10549
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
41532
dei Trading Symbol
TradingSymbol
CPRX
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
0.79
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
4.64
us-gaap Use Of Estimates
UseOfEstimates
<div><b>c.</b> <table> <tr> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="left"><b>USE OF ESTIMATES.</b> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</p> </td> </tr> </table> </div>
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
102577005 shares
cprx Maximum Maturity Period Of Cash And Cash Equivalent
MaximumMaturityPeriodOfCashAndCashEquivalent
Three months
cprx Deferred Tax Assets Valuation Allowance Percentage
DeferredTaxAssetsValuationAllowancePercentage
1.00 pure
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6791667 shares
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5309337
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8847030
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
309130
us-gaap Depreciation
Depreciation
25915
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.11
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
186904
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
309130
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
186904
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3595462
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7079864
us-gaap Net Income Loss
NetIncomeLoss
-8847030
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8847030
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-240831
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-23921
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-426386
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34910
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1805437
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
201016
us-gaap Operating Expenses
OperatingExpenses
8861142
us-gaap Operating Income Loss
OperatingIncomeLoss
-8861142
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
34910
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1805437
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5265680
us-gaap Share Based Compensation
ShareBasedCompensation
1392713
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
0.47
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
4.64
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
83441650 shares
cprx Deferred Tax Assets Valuation Allowance Percentage
DeferredTaxAssetsValuationAllowancePercentage
1.00 pure
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3879901
CY2017Q2 us-gaap Depreciation
Depreciation
12957
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2017Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-210331
CY2017Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
0
CY2017Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
309130
CY2017Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-210331
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1729520
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3879901
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-3879901
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
91039
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
4181271
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4181271
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2451751
CY2017Q2 us-gaap Share Based Compensation
ShareBasedCompensation
638569
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
83905827 shares
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5979812
CY2018Q2 us-gaap Depreciation
Depreciation
8176
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2631031
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5965140
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-5965140
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
370715
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
6335855
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-6335855
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-14672
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3704824
CY2018Q2 us-gaap Share Based Compensation
ShareBasedCompensation
791507
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
102596446 shares

Files In Submission

Name View Source Status
0001193125-18-241075-index-headers.html Edgar Link pending
0001193125-18-241075-index.html Edgar Link pending
0001193125-18-241075.txt Edgar Link pending
0001193125-18-241075-xbrl.zip Edgar Link pending
cprx-20180630.xml Edgar Link completed
cprx-20180630.xsd Edgar Link pending
cprx-20180630_cal.xml Edgar Link unprocessable
cprx-20180630_def.xml Edgar Link unprocessable
cprx-20180630_lab.xml Edgar Link unprocessable
cprx-20180630_pre.xml Edgar Link unprocessable
d557514d10q.htm Edgar Link pending
d557514dex101.htm Edgar Link pending
d557514dex311.htm Edgar Link pending
d557514dex312.htm Edgar Link pending
d557514dex321.htm Edgar Link pending
d557514dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending